Archive for February, 2018

Fair Skies on Horizon

Monday, February 26th, 2018

Buyers who have been concerned about what might happen to the tax laws affecting home ownership should feel more comfortable about moving forward with their decision to purchase. The 2017 Tax Cut and Jobs Act passed by Congress and signed by the President continues to treat real estate as a favored investment. Reasons to buy […]

Historical Perspective

Monday, February 19th, 2018

In 1968, mortgage rates were 8.5%. The next year, rates went down to 7%. Homeowners could buy a 15-20% larger home for the same payments if they could find someone to assume their mortgage. In October 1981, mortgage rates reached 18.63%. A $250,000 mortgage had a monthly principal and interest payment of $3,896.46. As astronomical […]

The “Right” Agent and the “Right” Home

Monday, February 12th, 2018

Some buyers think that finding the right home is the critical part of the buying process and that is how they determine which agent to use. While it is important, there may be a broader skill set to consider when selecting your real estate professional. Helping to negotiate the price and terms of sale were […]

Convincing Advantages with Standard Deduction

Monday, February 5th, 2018

The new tax law doubles the standard deduction and it is estimated that over 90% of taxpayers will elect to use it. However, even without considering tax benefits, homeownership has convincing advantages. Amortized loans apply a specific amount of each payment to the principal amount owed to retire the loan over the term. Some people […]